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Nautilus Minerals Inc (NUS.TO)

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Latest Key Developments (Source: Significant Developments)

Nautilus delivers US$2 million financing notice for August 2017
Monday, 24 Jul 2017 07:00am EDT 

July 24 (Reuters) - Nautilus Minerals Inc :Nautilus Minerals - pursuant to subscription agreement with Mawarid Offshore Mining, Metalloinvest Holding delivered financing notice dated July 21.Nautilus - financing notice delivered to investors in respect of private placement of 11.8 million common shares of co at issue price of C$0.214/share.Nautilus Minerals Inc - closing of private placement under financing notice is required to occur during August, 2017.Nautilus Minerals Inc - private placement will be allocated equally between Metalloinvest Holding & Mawarid Offshore Mining.  Full Article

Nautilus Minerals qtrly loss per share $0.004
Wednesday, 10 May 2017 07:20am EDT 

May 10 (Reuters) - Nautilus Minerals Inc :Nautilus minerals announces financial results for q1 2017.Nautilus minerals inc qtrly loss per share basic and diluted $0.004.Nautilus minerals inc - additional project funding has not been secured for solwara 1 project.Nautilus minerals - in the event that the required funding is secured on a timely basis for solwara 1 project, schedule would be delayed to q1 2019.Nautilus minerals-co’s obligations give rise to material uncertainty which may cast significant doubt on co's ability "to continue as a going concern".  Full Article

Nautilus delivers $2 million financing notice for May 2017
Thursday, 20 Apr 2017 07:20am EDT 

April 20 (Reuters) - Nautilus Minerals Inc :Nautilus delivers $2 million financing notice for May 2017.Nautilus Minerals Inc - Private placement of an aggregate of 11.2 million common shares of company at an issue price of c$0.239 per share.  Full Article

Nautilus gives $2 mln financing notice for Nov 2016
Tuesday, 22 Nov 2016 07:30am EST 

Nautilus Minerals Inc : Nautilus delivers us$2 million financing notice for november 2016 .Nautilus minerals - financing notice in respect of a private placement of an aggregate of 15.5 million ommon at an issue price of c$0.174 per share.  Full Article

Nautilus Minerals named Gavin Vandervegt as acting Chief Financial Officer
Tuesday, 6 Sep 2016 05:47am EDT 

Nautilus Minerals Inc :Appointed Gavin Vandervegt as acting chief financial officer and corporate secretary of company.  Full Article

Nautilus obtains bridge financing and restructures Solwara 1 project delivery
Monday, 22 Aug 2016 07:48am EDT 

Nautilus Minerals Inc : Nautilus obtains bridge financing and restructures solwara 1 project delivery . Nautilus Minerals inc says has signed a subscription agreement with mawarid offshore mining ltd . Nautilus Minerals inc says purchasers have agreed to purchase such number of common shares of co that will raise gross proceeds of up to us$20 million . Additional funding required and in order to continue operating during financing period, co will implement a restructuring plan . Restructuring plan involves reducing company staff numbers by approximately 60% to maintain key resources required to implement . Nautilus Minerals inc says could be in a position to commence initial deployment and testing operations at solwara 1 project by end of q1 2019 .Staff reductions will include departure of co's executive management team by september 2, 2016, shontel norgate, cfo.  Full Article

Nautilus Minerals announces Q2 financial results
Monday, 15 Aug 2016 04:22pm EDT 

Nautilus Minerals Inc : Nautilus Minerals announces financial results for Q2 2016 . Has implemented certain measures aimed at preserving company's capital position . Measures include reducing workforce, terminating contracts for construction of seafloor production equipment in early development .Measures also include not entering into any new construction contracts until additional funding required is secured.  Full Article

Nautilus Minerals continues to consider alternative financing
Wednesday, 29 Jun 2016 06:05am EDT 

Nautilus Minerals Inc : Continues to consider alternative sources of financing to maintain development of Solwara 1 project and company's operations . Says failure to secure bridge financing and/or project financing may result in company taking various steps . Requires significant additional funding to complete build and deployment of seafloor production system at Solwara 1 project . Says various steps includes suspending or terminating development of seafloor production system and Solwara 1 project . Independent directors will be looking to engage a financial advisor to assist them . Steps also include engaging in various transactions including, without limitation, asset sales, joint ventures and capital restructurings . Says unable to determine extent of delay at this time .Nautilus minerals provides update.  Full Article

Nautilus Minerals chairman retires
Friday, 27 May 2016 07:45am EDT 

Nautilus Minerals Inc : A. Geoffrey Loudon has advised board that he is retiring . Appointed Russell Debney as interim chairman in place of Loudon . Board intend to embark upon recruitment process to appoint a new independent director to board following AGM .Nautilus Minerals chairman retires.  Full Article

Nautilus Minerals reports financial results for Q1 2016
Monday, 16 May 2016 08:30am EDT 

Nautilus Minerals Inc :Nautilus minerals announces financial results for Q1 2016.  Full Article

BRIEF-Nautilus delivers US$2 million financing notice for August 2017

* Nautilus Minerals - pursuant to subscription agreement with Mawarid Offshore Mining, Metalloinvest Holding delivered financing notice dated July 21